Wall Street expects a year-over-year increase in earnings on higher revenues when SPX Technologies (SPXC - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 30, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis infrastructure equipment supplier is expected to post quarterly earnings of $1.85 per share in its upcoming report, which represents a year-over-year change of +12.1%.
Revenues are expected to be $635.64 million, up 15.1% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for SPX Technologies?For SPX Technologies, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.35%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination indicates that SPX Technologies will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that SPX Technologies would post earnings of $1.55 per share when it actually produced earnings of $1.69, delivering a surprise of +9.03%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
SPX Technologies appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAmong the stocks in the Zacks Building Products - Air Conditioner and Heating industry, Lennox International (LII - Free Report) , is soon expected to post earnings of $7.63 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of -2.4%. This quarter's revenue is expected to be $1.56 billion, up 4.2% from the year-ago quarter.
The consensus EPS estimate for Lennox has been revised 1.1% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +0.56%.
When combined with a Zacks Rank of #2 (Buy), this Earnings ESP indicates that Lennox will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
The U.S. construction sector is expected to report a mixed set of second-quarter 2026 results, reflecting diverging trends across residential, non-residential and infrastructure markets. While AI-driven data center construction, transportation projects and public infrastructure spending likely continued to support engineering and civil contractors, homebuilders and certain commercial construction companies probably faced persistent demand pressures from elevated mortgage rates, affordability challenges and higher construction costs. At the same time, tariffs, labor shortages and project execution risks remained important variables influencing profitability.
With the help of the Zacks Stock Screener, some of the companies under the broader Zacks Construction sector, including CRH Plc (CRH - Free Report) , KBR, Inc. (KBR - Free Report) , Owens Corning (OC - Free Report) , SPX Technologies, Inc. (SPXC - Free Report) , Amentum Holdings, Inc. (AMTM - Free Report) , are poised to beat on earnings this reporting cycle.
Per the latest Earnings Trends report, the second-quarter earnings season has so far seen releases from approximately 17.6% of the companies on the S&P 500 Index. Of these, the Construction sector's total earnings declined 20.4% year over year, while revenues fell 3.9%. Despite the weaker overall performance, 100% of the companies beat earnings per share (EPS) estimates and 66.7% exceeded revenue expectations.
Infrastructure Spending Likely Remained the Sector's Biggest TailwindInfrastructure-oriented contractors are expected to have delivered another healthy quarter, supported by continued execution of federally funded highway, bridge, water and aviation projects. Demand also remained robust from utility, energy and grid modernization investments. Engineering and heavy civil companies likely benefited from a large backlog, providing strong revenue visibility despite macroeconomic uncertainty.
Private investment in AI infrastructure remained another major growth catalyst. Construction activity tied to hyperscale data centers, power infrastructure and advanced manufacturing facilities likely supported companies with exposure to mission-critical projects. Although semiconductor and certain reshoring-related projects moderated compared with their earlier peak, AI-related spending continued to offset part of that weakness.
Residential Construction Likely Remained UnevenResidential construction probably remained the weakest area of the sector during the quarter. High mortgage rates, elevated home prices and affordability constraints likely weighed on buyer demand, forcing homebuilders to continue offering incentives to stimulate sales. While demographic demand remained supportive over the long term, near-term operating conditions were challenging. Single-family housing starts and building permits weakened further during the quarter, suggesting softer construction activity. Builders also continued balancing production with inventory levels rather than pursuing aggressive expansion, which likely restrained revenue growth across many residential-focused companies.
Non-Residential Markets Presented a Mixed PictureCommercial construction trends likely varied considerably by end market. Data centers, healthcare facilities, public buildings and education projects probably remained relatively resilient, supported by strong project pipelines and long-duration contracts. Conversely, office construction continued to face structural weakness, while several manufacturing and warehouse projects progressed more cautiously amid higher financing costs and evolving capital-spending priorities. Industrial construction also reflected mixed trends, as reshoring investments remained selective and some factory projects were delayed because of rising costs. Warehouse construction showed signs of recovery after an extended slowdown, though developers remained disciplined.
Margins Likely Reflected Both Pricing Strength and Cost PressuresProfitability across the sector is expected to have remained uneven. Contractors with specialized capabilities, disciplined bidding strategies and favorable contract structures likely preserved margins through pricing actions and efficient project execution. Companies benefiting from higher-margin data center and infrastructure work may have reported continued margin resilience. However, rising labor expenses, tariffs on construction materials, supply-chain disruptions and equipment procurement costs likely continued to pressure project economics. Homebuilders probably experienced additional margin compression from elevated incentives and higher input costs, while commercial contractors with fixed-price contracts may also have encountered cost inflation challenges.
Q2 ExpectationsPer the latest Earnings Trends report, construction sector earnings are expected to decline 3.4% for the second quarter from a year ago. This indicates a narrower decrease from the first quarter of 2026’s 4.7% decline. Revenues, however, are projected to grow 4.8%, suggesting a decline from 5.8% growth registered in the preceding quarter.
Second-quarter 2026 earnings are expected to underscore a construction industry increasingly divided between resilient infrastructure and technology-driven projects on one hand, and a still-challenging residential and traditional commercial environment on the other. Companies with diversified end-market exposure, strong execution capabilities and sizable backlogs are likely to remain the sector's best performers in the current environment.
The Zacks MethodologyPicking the right stock could be difficult unless one knows the proper method. To make the task simple, we rely on the Zacks methodology, combining a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) and a positive Earnings ESP.
Our proprietary methodology, Earnings ESP, shows the percentage difference between the Most Accurate Estimate and the Zacks Consensus Estimate. Research shows that for stocks with this combination of the Zacks Rank and ESP, chances of a positive earnings surprise are as high as 70%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Winning StocksFor investors willing to adopt this strategy, we have highlighted five construction stocks that may stand out this earnings season.
CRH — a global provider of building materials and solutions serving infrastructure, non-residential, and residential construction — topped earnings estimates in two of the trailing four quarters, met in one and missed on another occasion, with the average surprise being 0.7%.
CRH is likely to beat expectations when it reports second-quarter 2026 results on July 30, 2026, before the opening bell. This Zacks Rank #3 company has an Earnings ESP of +4.08%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CRH’s second-quarter EPS is pegged at $1.96, representing 1% growth from the year-ago reported figure.
KBR — a global engineering, construction and services firm serving the global energy and international government services markets — topped earnings estimates in all the trailing four quarters, with the average surprise being 4.8%.
KBR is likely to beat expectations when it reports second-quarter 2025 results on July 30, before the opening bell. This Zacks Rank #3 company has an Earnings ESP of +8.70%.
The Zacks Consensus Estimate for KBR’s second-quarter EPS is pegged at 92 cents, representing growth of 1.1% from the year-ago reported figure on a 3.5% revenue decline.
Owens Corning — A branded building products leader with market-leading roofing, insulation and door businesses serving residential markets across North America and Europe — topped earnings estimates in three of the trailing four quarters, with the average being 3.8%.
Owens Corning is likely to beat expectations when it reports second-quarter 2026 results on Aug. 5, 2026, before market open. This Zacks Rank #3 company has an Earnings ESP of +1.66%.
The Zacks Consensus Estimate for Owens Corning’s second-quarter EPS is pegged at $3.06, representing a decline of 27.3% from a year ago.
Owens Corning Inc Price and EPS SurpriseSPX Technologies — supplies engineered HVAC, detection and measurement solutions across North America and international markets — topped earnings estimates in all the trailing four quarters, with the average surprise being 9.7%.
SPX Technologies is likely to beat expectations when it reports second-quarter 2026 results on July 30, 2026, before market open. This Zacks Rank #2 company has an Earnings ESP of +1.35%.
The Zacks Consensus Estimate for SPX Technologies’ second-quarter EPS is pegged at $1.85, representing growth of 12.1% from a year ago on 15.1% higher revenues.
Amentum — provides engineering and technology solutions in the United States and internationally — topped earnings estimates in all the trailing four quarters, with the average surprise being 4%.
Amentum is likely to beat expectations when it reports third-quarter fiscal 2026 results on Aug. 11, 2026, before market open. This Zacks Rank #2 company has an Earnings ESP of +3.18%.
The Zacks Consensus Estimate for Amentum’s fiscal third-quarter EPS is pegged at 63 cents, representing growth of 12.5% from a year ago on 1% higher revenues.
Expands SPX Technologies’ HVAC Capabilities with Custom HVAC Control and Engineered Air Management Solutions July 23, 2026 06:45 ET | Source: SPX Technologies
CHARLOTTE, N.C., July 23, 2026 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE: SPXC) (“SPX” or the “Company”) announced today that it has completed the acquisition of Neptronic Inc. (“Neptronic”) for a total cash consideration of CA$ 605 million (approximately US$ 430 million), subject to customary closing adjustments. The multiple of enterprise value to earnings before interest, tax, depreciation and amortization (“EBITDA multiple”) implied in the transaction is modestly above the upper-end of the Company’s recently transacted range of 8-12x.
Neptronic designs and manufactures highly engineered HVAC solutions including intelligent controls, electric duct heaters, humidifiers, actuators and valves. Neptronic serves customers through a strong network of OEMs and channel partners, focused on mission-critical applications including data centers, healthcare and education. Based in Montreal, Canada, Neptronic has about 300 employees and generates annual revenues of approximately US$ 75 million.
Neptronic will become part of SPX Technologies’ HVAC segment, expanding the Company’s position in precision thermal management solutions and expanding its offering with high-quality brands and products that it can leverage across its platform and geographic footprint. The addition of Neptronic strengthens SPX’s portfolio with differentiated controls, electric duct heaters, actuators, actuated valves, and humidifiers - strategic product categories with strong market fundamentals and a natural fit within the Company’s existing sales channels. Neptronic’s technology platform further advances SPX’s evolution toward delivering intelligent, controls-enabled HVAC solutions for customers globally.
SPX intends to accelerate Neptronic’s growth by expanding channel access and customer reach and by providing the capital and operational resources to scale the business while preserving its innovation-led culture and speed to market. Neptronic’s solutions are also expected to be leveraged across the broader SPX HVAC portfolio, enabling more intelligent, fully integrated HVAC solutions.
“We are excited to welcome Neptronic to the SPX Technologies team,” said Gene Lowe, SPX Technologies President and CEO. “Neptronic’s differentiated controls and thermal management solutions are highly complementary to our existing portfolio and further advance our HVAC growth strategy. The addition of Neptronic expands our capabilities as an integrated controls-enabled systems provider and enhances our portfolio with highly complementary product categories that can be leveraged across our HVAC platform and global footprint.”
“Joining SPX Technologies represents an exciting opportunity for Neptronic,” said Biagio Di Lorenzo, CFO and President of Neptronic. “SPX’s scale, operational resources and strong channel relationships in the HVAC market will help accelerate our growth while preserving the engineering expertise, innovation and customer focus that have defined our business for nearly 50 years.”
SPX management plans to provide updated 2026 guidance, incorporating the impact of Neptronic, on July 30, 2026, when SPX Technologies reports Q2 2026 results.
About SPX Technologies, Inc: SPX Technologies is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. Based in Charlotte, North Carolina, SPX has operations in 16 countries. SPX Technologies is listed on the New York Stock Exchange under the ticker symbol “SPXC.” For more information, please visit www.spx.com.
About Neptronic Inc.: Founded in 1976 in Montréal, Quebec, Neptronic designs and manufactures engineered HVAC solutions including intelligent controllers, electric heaters, humidifiers, actuators and valves. Neptronic employs more than 300 employees in an integrated 93,000-square-foot facility.
Forward Looking Statements:
Statements in this press release that express a belief, expectation, or intention, as well as those that are not historical fact, including plans to expand Neptronic’s sales, are forward-looking statements under the Private Securities Litigation Reform Act of 1995. The words “intends,” “plans,” “will,” “believe,” “expected,” “anticipated,” and similar expressions identify forward-looking statements. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These forward-looking statements involve a number of risks and uncertainties that may cause actual events and results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to: risks that the acquisition disrupts current plans and operations of SPX Technologies or Neptronic; the risk that the disruption from the transaction may make it more difficult to maintain business and operational relationships, including retaining and hiring key personnel and maintaining relationships with Neptronic’s vendors and others with whom Neptronic does business; and risks and uncertainties with respect to SPX Technologies’ ability to recognize the anticipated benefits of the transaction, including expanding Neptronic’s sales. SPX Technologies’ filings with the Securities and Exchange Commission, including its most recent Form 10-K and Form 10-Q, describe other risks and uncertainties.
Statements in this press release speak only as of the date of this press release, and SPX Technologies disclaims any responsibility to update or revise such statements, except as required by law.
Dan Russo takes us through today's Big 3 by highlighting trends in the S&P 500 (SPX) as the index trades just under its all-time high. He also highlights the iShares Core US Aggregate Bond ETF (AGG) and the iShares S&P GSCI Commodity-Indexed Trust (GSG), believing it's important investors keep an eye on bonds and commodities in the current market environment.
Key Takeaways SPX Technologies' stock gained 26.1% in a year, outpacing the Construction sector and the S&P 500 Index.SPXC raised its 2026 data center growth outlook to 70% as cooling and air-handling demand accelerated.Segment income rose 22% to $135 million, while margin expanded 100 basis points to 23.9%. SPX Technologies, Inc. (SPXC - Free Report) has delivered a strong share price performance, reflecting solid execution, resilient demand across its key end markets and growing confidence in its long-term growth strategy. Momentum in its HVAC and Detection & Measurement businesses, accelerating demand for data center cooling solutions and disciplined acquisitions have strengthened the company's growth outlook. SPXC stock has climbed 26.1% over the past year, broadly matching the Zacks Building Products - Air Conditioner and Heating industry’s 27% rise while outperforming the Construction sector’s 14.6% gain and the S&P 500 Index’s 24.2% increase.
The outlook remains encouraging. Management raised its full-year guidance after a stronger-than-expected first quarter of 2026, citing robust execution, sustained demand across key markets and additional data center-related volumes expected in the second half of 2026. Continued investments in manufacturing capacity, product innovation and strategic acquisitions should further strengthen SPX Technologies' competitive position.
SPXC’s 1-Year Price Performance
Image Source: Zacks Investment Research
Over the past year, SPX Technologies has substantially outperformed several industry peers. While Carrier Global Corporation (CARR - Free Report) and Pentair plc (PNR - Free Report) posted declines of 9.5% and 28.7%, respectively, Trane Technologies plc (TT - Free Report) gained 9.2%.
SPXC's Data Center Strategy Continues to Drive Long-Term GrowthSPX Technologies continues to benefit from one of the strongest structural growth trends in industrial markets: data center infrastructure. Management noted that demand for its cooling systems and custom air-handling solutions remains exceptionally strong, prompting the company to increase its 2026 data center growth outlook from approximately 50% to 70%. SPXC also emphasized that demand continues to accelerate, supported by increasing activity from hyperscale and colocation customers.
To support this opportunity, SPX Technologies is expanding production capacity across multiple facilities. New manufacturing lines at its Tennessee and Kansas plants have already begun production, while the Alabama expansion remains on schedule to add additional assembly and manufacturing capacity through 2027. Management believes these investments, together with strong customer visibility and a diversified customer base, position the company for sustained growth beyond 2026.
SPXC's Operational Execution Continues to Support Profit GrowthSPX Technologies continues to execute well across both operating segments despite ongoing investments in capacity expansion. Consolidated segment income rose 22% year over year to $135 million, while segment margin expanded 100 basis points to 23.9%, supported by higher volumes, a favorable product mix and increased software revenues within Detection & Measurement.
HVAC segment’s income increased 20% to $88.6 million, benefiting from organic growth and acquisition contributions. Segment margin declined 40 basis points to 22.5%, mainly due to planned start-up costs associated with new production capacity. Management expects most of the estimated $8-$9 million in start-up expenses to be incurred during the first half of 2026. As the new facilities ramp up, operating leverage is expected to improve and support stronger profitability over time.
The company's disciplined acquisition strategy also continues to enhance its growth profile. Recent additions such as Thermolec and Crawford's commercial air-handling business expand SPX Technologies' HVAC capabilities, while the divestiture of Crawford United's non-core industrial and transportation businesses sharpens management's focus on higher-growth markets.
SPXC's Financial Strength Supports Future GrowthSPX Technologies maintains a healthy balance sheet that provides ample flexibility to invest in organic growth and pursue strategic acquisitions. The company ended the first quarter with approximately $158 million in cash and a leverage ratio of roughly 0.9x, well below its long-term target range. This financial strength provides significant capacity to pursue additional value-enhancing acquisitions while continuing to invest in manufacturing expansion and innovation.
The company also continues to generate positive operating cash flow while actively reshaping its portfolio. During the quarter, SPX Technologies completed the divestiture of Crawford United's non-core industrial and transportation businesses, allowing management to sharpen its focus on higher-growth HVAC and Detection & Measurement markets. Combined with a robust acquisition pipeline and raised full-year guidance, the balance sheet positions SPXC to continue executing its long-term growth strategy.
Earnings Estimate Revision of SPXC StockSPXC’s earnings outlook has improved over the past 60 days, with the Zacks Consensus Estimate for 2026 rising to $7.98 per share. The consensus estimate for 2027 has remained unchanged over the same period, as shown below. The current projections imply earnings growth of 18.1% in 2026, followed by an additional 12.9% increase in 2027.
Image Source: Zacks Investment Research
SPXC's earnings growth outlook also compares favorably with its peers. Carrier Global is expected to grow earnings by 7.7% this year, while Pentair and Trane Technologies are projected to deliver growth of 8.7% and 13.6%, respectively.
SPXC Stock Trades at a DiscountSPX Technologies trades at a forward 12-month P/E ratio of 25.77X, below the industry average. The valuation reflects investor confidence in the company's disciplined execution, expanding data center opportunity, resilient demand across key end markets and continued investments in manufacturing capacity, product innovation and strategic acquisitions. These initiatives are expected to support long-term earnings growth.
However, following the stock's strong run, execution remains critical. Delays in ramping new manufacturing capacity, slower-than-expected data center demand, integration challenges related to recent acquisitions or a greater-than-expected impact from tariffs could pressure margins and weigh on investor sentiment.
SPXC P/E Ratio (Forward 12 Months) Vs Industry
Image Source: Zacks Investment Research
Among peers, Carrier Global trades at a forward 12-month P/E multiple of 23.27X, while Pentair trades at 13.57X. Trane Technologies carries a higher valuation of 30.06X on the same basis. SPXC therefore trades at a premium to Carrier and Pentair but at a discount to Trane Technologies, placing it within the broader peer valuation range.
Is SPXC Stock Still a Buy After Its Strong Run?SPX Technologies remains well positioned to benefit from structural growth trends across data centers, HVAC and Detection & Measurement markets. The company continues to execute its value creation strategy through capacity expansion, product innovation and disciplined acquisitions, while its raised guidance and robust backlog underscore confidence in long-term growth. These initiatives, combined with resilient demand across key end markets, should support sustained earnings growth over time.
SPXC also maintains financial flexibility to invest in organic expansion and pursue strategic acquisitions. However, risks remain from delays in ramping new manufacturing capacity, slower-than-expected data center demand, acquisition integration challenges and tariff-related pressures. While the stock trades at a discount to the broader peer group, sustained execution will be important to justify its valuation. Encouragingly, rising earnings estimates suggest analysts remain confident in the company's growth prospects.
SPXC stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? SPX Technologies (SPXC - Free Report) , which belongs to the Zacks Building Products - Air Conditioner and Heating industry, could be a great candidate to consider.
This infrastructure equipment supplier has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 5.05%.
For the most recent quarter, SPX Technologies was expected to post earnings of $1.55 per share, but it reported $1.69 per share instead, representing a surprise of 9.03%. For the previous quarter, the consensus estimate was $1.86 per share, while it actually produced $1.88 per share, a surprise of 1.08%.
Price and EPS Surprise
For SPX Technologies, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
SPX Technologies currently has an Earnings ESP of +1.53%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on July 30, 2026.
With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
CHARLOTTE, N.C., July 08, 2026 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that it will release its financial results for the second quarter of fiscal year 2026 after the U.S. financial markets close on Thursday, July 30, 2026.
In conjunction with this announcement, SPX Technologies’ President and Chief Executive Officer Gene Lowe and SPX Technologies’ Vice President, Chief Financial Officer Mark Carano will discuss the Company’s financial results and business outlook during a conference call on Thursday, July 30, 2026, at 4:45 p.m. Eastern Time.
Webcast and slides:
The call will be simultaneously webcast and the slides will be available in the Investor Relations section of the company’s website at https://www.spx.com/investor-relations/webcasts-and-presentations, or through the following link: https://edge.media-server.com/mmc/p/o5op5ou8.
Call access:
To access the call by phone, please use the following link to receive dial-in details https://register-conf.media-server.com/register/BI1493b55e6e4e4d7eb65b63476990f468. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time at www.spx.com.
About SPX Technologies, Inc: SPX Technologies, Inc. is a diversified, global supplier of highly engineered products and technologies, holding leadership positions in the HVAC and detection and measurement markets. Based in Charlotte, North Carolina, SPX Technologies, Inc. has operations in over 16 countries. SPX Technologies, Inc. is listed on the New York Stock Exchange under the ticker symbol “SPXC.” For more information, please visit www.spx.com.
Key Takeaways SPX Technologies ended Q1 2026 with a $755M HVAC backlog, up 38% organically YoY.Data center cooling demand and higher production throughput drove HVAC organic growth in Q1.Manufacturing expansions and acquisitions are strengthening SPX Technologies' HVAC platform. SPX Technologies, Inc.’s (SPXC - Free Report) HVAC business appears well positioned to sustain growth over the next several years, supported by a sharp increase in backlog, capacity expansion initiatives, strategic acquisitions and durable demand from data center cooling and commercial HVAC markets. The company ended the first quarter of 2026 with an HVAC backlog of $755 million, up 38% organically year over year, providing strong revenue visibility while reinforcing confidence that favorable market conditions can extend well beyond 2026.
One of the strongest structural growth drivers remains the rapid expansion of AI infrastructure and hyperscale data centers. SPXC continues to benefit from elevated demand for cooling products used in these facilities, where higher computing densities require increasingly sophisticated thermal-management solutions. During the first quarter, HVAC organic growth benefited from higher data center cooling volumes and improved throughput from recent capacity additions. These trends indicate that demand is being supported by both favorable end-market conditions and the company's improved manufacturing capabilities.
To meet rising demand, SPX Technologies has continued investing in manufacturing expansion across its HVAC operations. The company began producing highly engineered aluminum dampers at TAMCO’s new Tennessee facility in the first quarter and expects production to ramp through the year. It also started OlympusMAX production in Olathe, KS. Its Madison, AL, build-out is also progressing, with assembly expected in the second half of 2026 and initial production in the first half of 2027. These investments should improve throughput and help SPXC convert backlog into revenues.
Organic growth is also being complemented by targeted acquisitions that strengthen SPXC's HVAC platform. Over the past year, the company added Sigma & Omega, Thermolec and Crawford's commercial air-handling operations, expanding its presence across hydronic heating, electric duct heating, commercial air handling and engineered HVAC equipment. Beyond broadening the product portfolio, these acquisitions create opportunities for commercial synergies, procurement efficiencies and expanded manufacturing capabilities that should support long-term growth.
Taken together, SPXC's $755 million HVAC backlog, manufacturing investments, strategic acquisitions and exposure to durable secular growth trends suggest that its HVAC business is supported by more than a temporary surge in orders. Successful execution on capacity expansion and acquisition integration will remain important, but the company's strong backlog visibility provides a solid foundation that could sustain HVAC growth well into 2028.
How SPXC Stacks Up Against HVAC PeersSPX Technologies operates in a competitive HVAC market where demand for data center cooling, modular construction and high-performance building systems is drawing strong participation from peers such as Comfort Systems USA, Inc. (FIX - Free Report) and AAON, Inc. (AAON - Free Report) . Like SPXC, both companies are benefiting from strong technology-sector demand, expanding backlog and capacity investments tied to data center and advanced HVAC opportunities.
Comfort Systems is gaining from robust demand across mechanical and electrical solutions for technology customers. The company ended the first quarter of 2026 with a record backlog of $12.5 billion, up $5 billion from a year ago, supported by strong tech-sector demand. Advanced technology, dominated by data center work, accounted for 56% of revenues, while modular revenues represented 17% of total revenues. Comfort Systems is also expanding modular capacity, targeting 4 million square feet by the end of 2026, strengthening its ability to support large-scale data center construction.
AAON is also benefiting from strong data center thermal-management demand through its highly engineered HVAC and cooling solutions. The company reported a backlog of $2.1 billion, more than double year over year, with Basics-branded orders up 160% from the prior year and book-to-bill above 2. Basic sales grew 72% year over year, supported by data center demand and higher production from expanded facilities in Longview, Memphis and Redmond. AAON continues investing in capacity and expects Basics revenues to reach roughly $1 billion in 2026, with longer-term capacity potential above $2 billion.
SPXC Stock’s Price Performance & Valuation TrendShares of SPXC have climbed 31.6% in the past year, outperforming the broader Construction sector and the S&P 500 Index but underperforming the Zacks Building Products - Air Conditioner and Heating industry.
Image Source: Zacks Investment Research
SPXC stock is currently trading at a discount compared with the industry, with a forward 12-month price-to-earnings (P/E) ratio of 26.79, as evidenced by the chart below.
Image Source: Zacks Investment Research
Earnings Estimate Trend for SPXCSPXC’s earnings estimates for 2026 and 2027 have trended upward in the past 60 days. The estimated figures for 2026 and 2027 imply year-over-year growth of 18.1% and 12.9%, respectively.
Image Source: Zacks Investment Research
SPX Technologies stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
SummarySPX Technologies is executing on geographic expansion and disciplined acquisitions, driving strong revenue and margin growth, particularly in Canada.Q1-2026 results showed 17.4% revenue growth, 24.6% GAAP income growth, and raised FY2026 guidance for revenue (+15%), adjusted EBITDA (+21%), and adjusted EPS (+18%).Canadian acquisitions, favorable market dynamics, and government incentives are key catalysts, while tariffs and currency remain manageable risks.I maintain a Buy rating on SPXC with a $236.70 price target, reflecting solid growth but limited near-term upside as market expectations are largely priced in. alacatr/iStock via Getty Images
Investment Thesis SPX Technologies, Inc.'s (SPXC) decision to expand geographically and to seek better margins is paying off. In an August 2025 article, I argued the company’s global expansion should lead to higher
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The S&P 500 Index (SPX) SPX-0.01% continues to be subject to large intraday volatility. The U.S. benchmark index is showing resistance at 7,460 (the top of the gap), in addition to the resistance at 7,530 and 7,600-7,620.
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
SPX Technologies (SPXC - Free Report) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.
Here are three of the most important factors that make the stock of this infrastructure equipment supplier a great growth pick right now.
Earnings GrowthEarnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for SPX Technologies is 28.8%, investors should actually focus on the projected growth. The company's EPS is expected to grow 18.1% this year, crushing the industry average, which calls for EPS growth of 7.4%.
Cash Flow GrowthWhile cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for SPX Technologies is 34.2%, which is higher than many of its peers. In fact, the rate compares to the industry average of -0.2%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 24.2% over the past 3-5 years versus the industry average of 14.3%.
Promising Earnings Estimate RevisionsSuperiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for SPX Technologies. The Zacks Consensus Estimate for the current year has surged 0.1% over the past month.
Bottom LineWhile the overall earnings estimate revisions have made SPX Technologies a Zacks Rank #2 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that SPX Technologies is a potential outperformer and a solid choice for growth investors.
Planned transition supports continued growth and strong leadership continuity June 19, 2026 13:00 ET | Source: SPX Technologies
CHARLOTTE, N.C., June 19, 2026 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE: SPXC) (“SPX” or the “Company”) today announced a planned leadership transition within its Detection & Measurement (D&M) segment.
After an outstanding career with SPX, John Swann has announced plans to retire in January 2027. Since joining the company in 2004, Swann has played a pivotal role in shaping the business—driving growth, building high-performing teams, and delivering strong results across multiple areas of the portfolio, most recently as leader of the D&M segment.
As part of a thoughtful and planned succession, Eric Kaled will succeed Swann as leader of the D&M segment, effective August 31, 2026.
“On behalf of the Board and the entire SPX leadership team, I want to thank John for his many years of outstanding service and leadership,” said Gene Lowe, President and Chief Executive Officer of SPX Technologies. “During his tenure, John played a central role in scaling our businesses into larger, stronger and more profitable growth platforms. His focus on developing high-performing teams, disciplined approach to strategy and execution and ability to identify and integrate strategic acquisitions have created lasting value for our customers, employees and shareholders. As John transitions his role, I have great confidence in Eric and the D&M leadership team, and I believe the segment is very well positioned to continue its strong momentum.”
Kaled brings a strong track record of performance and leadership at SPX. Since joining the company in 2019, he has strengthened the Transportation and Communications Technologies platforms to grow financial performance and stability through multiple large-scale contract wins and the introduction of advanced customer solutions, while enhancing product innovation and operational execution. His deep understanding of the business, combined with his strategic mindset and operational leadership, position him well to lead the D&M segment into its next phase of growth.
Following the transition, Swann will remain with SPX through the end of the year to support key strategic growth initiatives and ensure a smooth leadership handoff.
About SPX Technologies
SPX Technologies is a supplier of highly engineered products and technologies, holding leadership positions in HVAC and detection and measurement markets. Based in Charlotte, North Carolina, SPX Technologies has approximately 5,300 employees in more than 16 countries. For more information, please visit www.spx.com.
The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has SPX Technologies (SPXC - Free Report) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.
SPX Technologies is a member of our Construction group, which includes 88 different companies and currently sits at #16 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. SPX Technologies is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for SPXC's full-year earnings has moved 2.4% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that SPXC has returned about 21.5% since the start of the calendar year. Meanwhile, stocks in the Construction group have gained about 17% on average. This means that SPX Technologies is performing better than its sector in terms of year-to-date returns.
Another Construction stock, which has outperformed the sector so far this year, is Simpson Manufacturing (SSD - Free Report) . The stock has returned 24% year-to-date.
For Simpson Manufacturing, the consensus EPS estimate for the current year has increased 2.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, SPX Technologies belongs to the Building Products - Air Conditioner and Heating industry, a group that includes 7 individual stocks and currently sits at #40 in the Zacks Industry Rank. This group has gained an average of 46.9% so far this year, so SPXC is slightly underperforming its industry in this area.
Simpson Manufacturing, however, belongs to the Building Products - Miscellaneous industry. Currently, this 33-stock industry is ranked #200. The industry has moved +5.3% so far this year.
SPX Technologies and Simpson Manufacturing could continue their solid performance, so investors interested in Construction stocks should continue to pay close attention to these stocks.
SPX Technologies (SPXC - Free Report) reported $566.8 million in revenue for the quarter ended March 2026, representing a year-over-year increase of 17.5%. EPS of $1.69 for the same period compares to $1.38 a year ago.
The reported revenue represents a surprise of +2.48% over the Zacks Consensus Estimate of $553.09 million. With the consensus EPS estimate being $1.55, the EPS surprise was +9.34%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how SPX Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Detection & Measurement: $172.8 million compared to the $164.82 million average estimate based on five analysts. The reported number represents a change of +8.3% year over year.Revenues- HVAC: $394 million versus $388.33 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +22% change.Segment Income- Detection & Measurement: $46.7 million versus the four-analyst average estimate of $40.54 million.Segment Income- HVAC: $88.6 million versus the four-analyst average estimate of $89.6 million.View all Key Company Metrics for SPX Technologies here>>>
Shares of SPX Technologies have returned +4% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
The mean of analysts' price targets for SPX Technologies (SPXC) points to a 26.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
@CharlesSchwab's Kevin Horner breaks down key market charts as the S&P 500 (SPX) taps new record highs, backed by investors defending the 10-day SMA. In stock movers, he highlights notable technical setups in Cipher Digital (CIFR) and Eli Lilly (LLY).
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
Our proprietary system currently recommends SPX Technologies (SPXC - Free Report) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this infrastructure equipment supplier is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings GrowthArguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for SPX Technologies is 28.8%, investors should actually focus on the projected growth. The company's EPS is expected to grow 17.9% this year, crushing the industry average, which calls for EPS growth of 6.4%.
Cash Flow GrowthWhile cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for SPX Technologies is 34.2%, which is higher than many of its peers. In fact, the rate compares to the industry average of -0.2%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 24.2% over the past 3-5 years versus the industry average of 14.3%.
Promising Earnings Estimate RevisionsSuperiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for SPX Technologies. The Zacks Consensus Estimate for the current year has surged 2.3% over the past month.
Bottom LineSPX Technologies has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that SPX Technologies is a potential outperformer and a solid choice for growth investors.
Kevin Horner (@CharlesSchwab) reviews today's markets focusing on the S&P 500 (SPX) as traders juggle the recent pullback. He highlights Tyson Foods (TSN) as a 2026 winner after a 13% breakout.
All attention turns to Nvidia (NVDA) as the stock market leader readies to report earnings after the closing bell Wednesday. Kevin Green talks about the "interesting" scenario he sees into the report, pointing out a "breather" in the S&P 500 (SPX).
SPX Technologies (SPXC) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
The S&P 500 (SPX) is testing a key area of resistance established over recent weeks, says Kevin Green. Nvidia's (NVDA) earnings will be the catalyst that makes or breaks the trend.
On May 20, 2026, SPX Technologies Inc (SPXC) shares rose 5.0% today, reaching a current price of $205.55. The stock has experienced a 52-week range between $147
James Demmert tells investors to look at earnings growth and predicts by 2030, the Dow Jones Industrial Average ($DJI) will double. He also sees the S&P 500 (SPX) tapping 8,100 by the end of 2026.
On June 02, 2026, SPX Technologies Inc (SPXC) shares rose 4.2%, bringing the current price to $230.08. The stock has seen a 52-week range of $150.81 to $246.68,
The Construction group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. SPX Technologies (SPXC - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
SPX Technologies is a member of our Construction group, which includes 88 different companies and currently sits at #15 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. SPX Technologies is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for SPXC's full-year earnings has moved 3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that SPXC has returned about 17% since the start of the calendar year. At the same time, Construction stocks have gained an average of 13.5%. This shows that SPX Technologies is outperforming its peers so far this year.
Simpson Manufacturing (SSD - Free Report) is another Construction stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 16.6%.
Over the past three months, Simpson Manufacturing's consensus EPS estimate for the current year has increased 2.2%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, SPX Technologies belongs to the Building Products - Air Conditioner and Heating industry, a group that includes 7 individual stocks and currently sits at #31 in the Zacks Industry Rank. On average, this group has gained an average of 40.6% so far this year, meaning that SPXC is slightly underperforming its industry in terms of year-to-date returns.
In contrast, Simpson Manufacturing falls under the Building Products - Miscellaneous industry. Currently, this industry has 33 stocks and is ranked #185. Since the beginning of the year, the industry has moved +0.2%.
Investors interested in the Construction sector may want to keep a close eye on SPX Technologies and Simpson Manufacturing as they attempt to continue their solid performance.
SPX Technologies (SPXC - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
As such, the Zacks rating upgrade for SPX Technologies is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For SPX Technologies, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for SPX TechnologiesThis infrastructure equipment supplier is expected to earn $7.98 per share for the fiscal year ending December 2026, which represents no year-over-year change.
Analysts have been steadily raising their estimates for SPX Technologies. Over the past three months, the Zacks Consensus Estimate for the company has increased 3%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of SPX Technologies to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
SPX Technologies (SPXC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
